David

TradingSim lets you practice day trading (and I ask if it's any good) (Download Squad)

Mar 5th 2010 1:28PM Jim's comments are ridiculous. That's like what people said in the 80's, that pc word processors would never replace the typewriter. How many typewriters do you see today? Day trading is still in it's infancy. IT wasn't that long ago that non-commercial trading could only be done by calling you broker and you were dependent t on that broker for all data on stocks.

I personally know several people that have been doing day trading for years and have been doing very well. In fact I always thought that my job was more secure than them day trading. Well last year when I lost my job and most of them were able to still make money despite the market I realized that I was wrong about the security.

In order to be successful in day trading you need to know what you’re doing. Just like learning to drive a car you need to practice. That being said I can’t think of a better way to “practice” trading than using TradeSim. That way your bad choices are not costly. It’s for the same reason that Air Force pilots train in simulators before ever stepping food and a fighter jet.